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Market News

Coinbase Operational in Nigeria Despite Blocking Reports

Written By Iyiola Adrian
Published 2024-02-25·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
Nigeria Probes Binance Over $26B in Suspicious Crypto Flows

Coinbase CEO Brian Armstrong has dismissed reports of his cryptocurrency exchange being blocked by Nigerian authorities. He emphasized on X that Coinbase products are fully operational in Nigeria without any interruptions. “We haven’t received any outreach or communication from officials in Nigeria,” Brian Armstrong affirmed. 

This is inaccurate WRT Coinbase as far as I can tell.
Coinbase products are still operating (no interruption)
We haven't received any outreach or communication from officials in Nigeria

— Brian Armstrong (@brian_armstrong) February 23, 2024

Meanwhile, Binance has reportedly admitted that some users in Nigeria are experiencing issues accessing its platform. This comes after the Nigerian Communications Commission (NCC) allegedly instructed telecoms companies earlier this week to restrict consumer access to the websites of major crypto exchanges like Binance, Coinbase, and Kraken. 

Premium Times is correct.

Forex Crisis: Nigerian govt blocks Binance, OctaFX, Coinbase, others https://t.co/cq6DoxqInj

— Bayo Onanuga, OON, CON (@aonanuga1956) February 22, 2024

Also Read: Grayscale Transfers Over $175M in Bitcoin to Coinbase

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:CoinbaseNigeria
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